'We expect cryptocurrency democratisation to advance further over the next 2-3 years driven by exchange-traded funds (ETFs), Federal Reserve policy, and regulation,' analysts Marion Laboure and Sai Ravindran wrote.
'A third of consumers said they thought the BTC price would be below $60,000 by year-end, and only 12%-14% thought it would cross $70,000. Bitcoin was trading around $58,200 at publication time.'
'U.S. consumers are warming up to crypto, with less than 1% calling it a "fad," a dramatic decline from previous years, Deutsche Bank (DB) said in a report on Wednesday.'
'The outlook for stablecoins, a type of cryptocurrency that's designed to hold a steady value, was also viewed with circumspection. Just 18% of those surveyed said they expected stablecoins to thrive, whereas 42% expected them to fade.'
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